1-6/112 Normanby Avenue
Thornbury, VIC 3071

This exceptional offering presents a rare opportunity to acquire an entire block of six apartments situated on a substantial 661 square meter allotment in the heart of Thornbury. The property currently generates a diversified high-yield income, with a combined approximate annual return of $96,000, and potential to increase to around $140,000 per annum. This portfolio represents a significant addition for investors, developers (subject to council approval), or renovators seeking to capitalize on a highly sought-after inner-north location.

The complex comprises a versatile mix of one and two-bedroom apartments, providing excellent scope for multiple income streams. Constructed with solid brick, the residences retain period features and benefit from large windows that allow abundant natural light to fill the interiors. Some apartments have been tastefully renovated with modern kitchens, while others remain in neat original condition. One apartment is currently undergoing renovation, offering the new owner the opportunity to personalize the space.

Each apartment is thoughtfully designed with functional living areas and private balconies, offering residents a peaceful outdoor retreat. The expansive block includes convenient side access leading to an extensive rear parking area, which is fully supported by a highly prized rear Right of Way (ROW) access. This generous rear footprint underscores the incredible potential for future enhancement, extension, or a complete redevelopment project (subject to council approval).

Whether you are an investor seeking high yields diversified across multiple tenancies or a developer looking for prime land for a new project, this rare property offers endless possibilities. The location ensures ultimate lifestyle convenience, placing residents just moments from the iconic High Street with its vibrant selection of cafes, bars, and boutiques.

Families and tenants will appreciate the proximity to Thornbury Primary and Croxton School, while weekend recreation options abound with Mayer Park and the Northcote Golf Course nearby. The property is also well-served by public transport, with the 510 bus stop located on the street, providing effortless connections to the Melbourne CBD. This unique landholding combines excellent investment potential with a premier urban lifestyle in a highly desirable area.